Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Binance against Orderly−0.035%49s7-day average +0.012% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.035%, 7d avg +0.012%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.047% cheaper against Orderly than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XRP_USDC	1.5088	0.0100	pay 0.0100% / 8h	2h 17m	$62K	$934K	50x
Short	Binance XRPUSDT	1.5083	0.0100	get 0.0100% / 8h	2h 17m	$524.6M	$2.21B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BinancebpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.012%: −$4.68
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.68
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.33 bp	5.3 bp −$5	6.9 bp −$69	11.6 bp −$1,161	33.1 bp −$16.5K

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5083	−0.033%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5089	+0.005%	$14.2M	$74.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5079	−0.057%	$1.1M	$133K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5080	−0.053%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5088	−0.001%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.128%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0070% / S −0.0014%	1h	1.5087	−0.009%	$794K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5094	+0.040%	$7.7M	$25.5M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5085	−0.020%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5082	−0.040%	$2.8M	$15.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5085	−0.020%	$545K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5077	−0.073%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5082	−0.036%	$976K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5083	−0.033%	$38.4M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5084	−0.025%	$600K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5083	−0.035%	$524.6M	$2.21B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5081	−0.046%	$344.1M	$964.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5082	−0.040%	$125.9M	$882.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5044	−0.292%	$560K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5094	+0.040%	$144K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.408%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5081	−0.046%	$370.5M	$160.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5088	0.000%	$287.8M	$923.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5086	−0.011%	$105.6M	$180.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5080	−0.053%	$264.8M	$397.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5086	−0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5046	−0.279%	$4.7M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5054	−0.224%	$654K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5083	−0.033%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5092	+0.027%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5087	−0.008%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5084	−0.027%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5089	+0.007%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDClong	+0.0100%	8h	1.5088	long leg	$62K	$934K	50x
Derive XRP-PERP	+0.0100%	1h	1.5091	+0.017%	$812K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5087	−0.005%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5089	+0.007%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5087	−0.009%	$49.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5083	−0.033%	$53.8M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5096	+0.050%	$471K	$55K	50x	as long as short
Hyperliquid XRP	+0.0103%	1h	1.5092	+0.027%	$288.0M	$262.1M	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5083	−0.036%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5090	+0.012%	$58K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5098	+0.066%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0190%	1h	1.5092	+0.027%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5071	−0.115%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0193%	8h	1.5091	+0.020%	$1.7M	$35.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5077	−0.071%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5093	+0.033%	$23.2M	$77.0M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5089	+0.008%	$519K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0599%	1h	1.5048	−0.263%	$2K	$16K	10x	as long as short